The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1887-05-26
The East Augusta Mutual,

| ANNUAL MEETING OF TILE SToChhohp-
ERs-AN ENCOURAGING REPORT.
The annual meeting of the stockholders
of the East Augusta Mutual Fire lnsur-
ance Association was held at the court
house on Saturday last.
The meeting was called to order ny
President Towberman, and A. A. Sproul
ESQ.,, elected as chairman.
The annual report of the President was
submitted as follows
REPORT.
To The Stockholders Of the East Augusta Mn-
tatdt Fire Association:
1t has been permitted us by superior
power to convene again at the expiration
of an other year, and for this great prlVl-
| lege bequeaJhed to us OF assembling mere
| for the purpose OF discussing and denDer-
ating upon topics best suited TO 1urtner
| the interests and objects of this ASSOcla-
| ton. and for the kindly dealings of time
| to most of us, we should ever feel grateful
more especially so when absent faces speak
| too plainly that sooner or later replaces
that know us now shall soon know us no
more forever"
| With your very kind Indulgence, re
spectfuIly submit this, the 18th annual
rsport. and in connection will say that our
losses for the fiscal year have aggregated
| less than that of the previous year by
cents per share of stock. The cost to pol
| lev holders on account of fines, Presidents
allowance, Secretary7s salary, incidental
expenses, &C., has been "a cents per share.
| Upon computation you will lind this TO be
a fraction less than one-half OF one per
| pt cent
! the cheapest of old line insurance compa-
nies-or cost of "a so On the 81, 600, and
proportionately for a greater or smaller
| amount.
There have been levies this year, viz
The first was a levy of 6 cents per share
| for losses on Isaac w. AiEey's dwelling.
insured at $500, July 1st, 1886; and Daniel
| M. Bells barn, insured at $500, burned
| July 18th, 1856. Thirty-three tickets were
! returned on account of non-payment,
| am Uunting to S537 so.
The second levy was five cents per share,
and made in behalf of the loss OF ID. b:
Taylor7s barn, insured for $S75, burned Oct.
4 I'd. 1885.
| Fourteen tickets were returned on ac-
count of non-payment, amounting to
4 $13.16.
The third levy of 10 cents per share was
| for the losses sustained respectively by 3.
| Brown Allen on his dwelling, insured for
81. 900, burned January 5th, 1887, and Mrs.
/ Susan Flory's heirs dwelling, insured at
$500, burned Jan. 25th. 81.
Twenty-eight tickets were returned for
non payment, aggregating $3.50.
The fourth and last levy OF cents per
4 share was made to settle balances due the
following persons for losses and damages
\ by fire, to wit : A. A. Sproul, corn crib
and granery, insured at $500, burned Feb.
9th, 'S7 b. F. Houff, damage to dwelling
| $40, Feb oath, 'S7 H. 2. Dickerson, dam
I age to tenant house. $50, Mar. 18th. 'S7;
| damage to Samuel Cooks dwelling. $6.66.
| Aprit Sth, 'S7.
| This levy also included some incidental
expenses that had to beliqulcated. Twen-
| t,r tickets were returned amounting to $25.
| The above items show the total amount
of losses and damages by fire to be $780,
| &C. The amount of nOn-paid dues on ac-
count of returned tickets. was $685.
| During the term of the Circuit Court in
Move mber last, Thos. A, Brownlee OBJ
tanned Judgment against this Company for
S27G SO, tor the loss of his barn. some time
since pa ymeut ,haylng been refused him on
| technical grounds. The amount of judg-
menJ was paid out of surplus fund in the
hands of the Treasurer, and no assessment
| made.